I have a question about debt settlement?
Cujo asked:
I am going through a debt settlement program. One of my creditors is also the same company that I am financing my vehicle with. Am I putting my vehicle in jeopardy by settling the credit card debt I have with that company?
I am going through a debt settlement program. One of my creditors is also the same company that I am financing my vehicle with. Am I putting my vehicle in jeopardy by settling the credit card debt I have with that company?
NO! The car is completely separate agreement and is secured. Now if you became late on the car, they would simply reposes it- However- it can take some time of late payments before that happens. But secured debt and unsecured debt- are completely different. No matter if with same company or not!